The Florida Real Estate Bust

If you want to see the madness and the grisly aftermath of the U.S. housing boom and bust, look at Florida. It’s not alone. Vegas, Phoenix, San Diego, Detroit — they’ve all got horror-story numbers now. But the biggest home price drops in the country were in Miami last year.

Empty condos, collapsing values. The heart of the Florida meltdown — in Miami, the southwest, the Gulf Coast — could be Exhibit A for what went wrong in American real estate.

The condo vultures are out now. And there’s a story to tell.

This hour, On Point: Florida real estate, and the great American meltdown.


Wayne Archer, executive director of the Bergstrom Center for Real Estate Studies at the University of Florida.

Peter Zalewski, founder of Condo Vultures, a real estate investment consulting firm.

Mike Larson, real estate analyst for Weiss Research.

Susan MacManus, professor of political science at University of South Florida.

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Nov 24, 2015
This photo made from the footage taken from Russian Defense Ministry official web site Monday, Nov. 23, 2015 shows fuel tanks  hit during the attack of Russian warplanes in Syria. Russian warplanes on Monday attacked oil extraction, transport and refinement facilities in areas controlled by Islamic State militants. (AP Photo/Russian Defense Ministry Press Service)

ISIS, Inc. The terrorist organization is raking in billions –from oil, grain, antiquities, and taxes. We look at how to break the ISIS bank. Plus, Turkey downs a Russian plane. We’ll have the latest.

Nov 24, 2015
An archival image of a McKinley - Hobart Presidential Campaign Poster from 1896. (Public Domain / WikiCommons)

Republican political strategist Karl Rove is thinking about the McKinley 1896 campaign and the GOP field right now. Karl Rove is with us.

Nov 23, 2015
(Clockwise From Top Left) Filmmaker Lindsay Catherine Harris, Ko Smith, Kailya Warren and Bryant Koger in still images from Harris' "Evoking the Mulatto" multimedia project. (Courtesy the Filmmaker)

Mixed-race America in the time of Black Lives Matter and demographic change. We’ll talk race, identity and the film project “Evoking the Mulatto”.

Nov 23, 2015
In this file photo released May 14, 2015 by a militant website, which has been verified and is consistent with other AP reporting, a member of the Islamic State group's vice police known as "Hisba," right, reads a verdict handed down by an Islamic court sentencing many they accused of adultery to lashing, in Raqqa City, Syria. (AP)

New York Times columnist Roger Cohen says the US needs to step up in the fight against ISIS. But there’s a caution flag, too. We’ll dive in.

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